Will Grigg?s Liberty Minute

May 10, 2010

Without congressional action of any kind, American taxpayers have been forced to surrender hundreds of billions of dollars to backstop European banks and prop up the EU?s fiat currency, the euro.

On May 9 ? a Sunday ? the Federal Reserve announced ?a program to ship U.S. dollars to Europe in a move to head off a broader financial crisis on the continent.? The so-called ?dollar swap,? which will continue at least until January of next year, will involve undisclosed amounts of money created by the Fed, its value siphoned away from what each of us has earned and saved.

At the same time, U.S. taxpayers are being plundered for at least 17 percent of the roughly $1 trillion being spent by the International Monetary Fund to prop up the euro. he debt contagion that has claimed GreeceT is threatening Spain, Portugal, and other EU members, thereby imperiling the superstate?s fiat currency.

None of this would be happening to us if we were, in any sense, an independent constitutional republic.

Let us take back the liberty wherewith Christ has made us free.